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    IVG   NL0015000LU4

IVECO GROUP N.V.

(IVG)
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Delayed Borsa Italiana  -  05/17 11:39:25 am EDT
5.590 EUR   +3.23%
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Iveco Group lists on Euronext Milan

01/04/2022 | 04:49am EDT

First admission of 2022 on Euronext Milan.

Iveco Group brings the total number of companies listed on Euronext Milan to 233

Borsa Italiana, part of the Euronext Group, today congratulates Iveco Group on its listing on Euronext Milan.

The ordinary shares of Iveco Group, which arose from the spin-off from CNH Industrial, will begin trading today, 3 January 2022, on Euronext Milan.

Iveco Group is a global automotive leader active in the commercial & specialty vehicles, Powertrain, and related Financial Services arenas.

Iveco Group represents the first admission of 2022 on Euronext Milan and brings the number of companies currently listed on Euronext Milan to 233.

The opening price of the ordinary shares was equal to EUR11.26.

Gerrit Marx, CEO of Iveco Group, said: 'Our first day of trading marks a historic milestone as we become a fully independent company. I want to thank our Chair, Suzanne Heywood, and our Board of Directors for bringing this spin-off operation to completion and the entire Iveco Group team for taking on the challenge and dedicating extra effort to see it through. We have all the requisites needed for long-term success, including solid foundations, a focused team, and a clear strategy, which will allow us to move quickly, innovating and partnering to create better solutions in today's fast-changing environment. We are also ready to face the global challenges of climate change, directly calling upon the Environmental, Social, and Governance dimensions of our public responsibility. We are committed to transforming not only our business but also our industry, backed by our track record of pioneering solutions in the most advanced fields of road transportation and propulsion, including alternative fuels, autonomous driving, and new business models. The entire Iveco Group team and I are profoundly grateful for the years we shared with CNH Industrial and are confident that our former colleagues will continue to make strides in agriculture and construction. We are excited to begin this next chapter, conscious that we will be facing challenges, but guided by a clear path and vision: we are definitely on the road to a new energy future'.

20220301 Iveco bell

Caption: Gerrit Marx, CEO of Iveco Group, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.

About Iveco Group Iveco Group N.V. (MI: IVG) is a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain, and related Financial Services arenas. Each of its eight brands is a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; Iveco Defence Vehicles, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; Magirus, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 29 manufacturing plants and 31 R&D centres. Further information is available on the Company's website: www.ivecogroup.com

Download press release - Iveco Group

About Euronext

Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed equity issuers and around EUR6.9 trillion in market capitalisation as of end December 2021, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe's leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Italy, Norway and Portugal.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CNH INDUSTRIAL N.V. 3.10% 14.97 Delayed Quote.-14.33%
IVECO GROUP N.V. 3.23% 5.59 Delayed Quote.0.00%
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Financials
Sales 2021 12 207 M 12 858 M 12 858 M
Net income 2021 136 M 143 M 143 M
Net Debt 2021 1 713 M 1 804 M 1 804 M
P/E ratio 2021 9,91x
Yield 2021 -
Capitalization 1 516 M 1 577 M 1 597 M
EV / Sales 2021 0,26x
EV / Sales 2022 0,20x
Nbr of Employees 34 000
Free-Float 72,9%
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 5,42 €
Average target price 8,79 €
Spread / Average Target 62,3%
EPS Revisions
Managers and Directors
Gerrit Andreas Marx Chief Executive Officer & Executive Director
Francesco Tanzi Chief Financial Officer
Suzanne Heywood Executive Chairman
Marco Liccardo Chief Technology & Digital Officer
Annalisa Stupenengo Chief Operating Officer
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